Merrill Lynch Can't Shake $10M Award To Ex-Brokers

Law360, New York (September 17, 2012, 6:43 PM EDT) -- A Florida federal judge on Monday confirmed an arbitration panel’s $10.3 million award to two former Merrill Lynch brokers who said they never received their contractual deferred compensation after they resigned, saying there was no evidence of improper conduct by the panel.

U.S. District Judge Kenneth A. Marra denied Merrill Lynch’s motion to vacate the award, rejecting their arguments that the Financial Industry Regulatory Authority panel’s chairwoman had a potential conflict of interest and that the panel itself had engaged in various types of misconduct throughout...
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